9404 LIMESTONE PL
About This Property
This well-kept home in College Park Woods, features five bedrooms, three full bathrooms, gleaming hardwood floors, a dreamy bay window, two wood burning fireplaces, stainless steel fridge, wall microwave & oven, charming retro ceramic tile throughout, lower-level den, ample storage, and a workshop room. The exterior includes a relaxing front porch, driveway for 2-3 cars, a rear brick patio, a spacious fenced in backyard, a fire pit, and storage shed. The HVAC is 7 years young and the roof, gutters, & downspouts are just 3 years young. The property offers additional privacy since it sits at the end of the street, next to a serene, wooded area. The community includes Park trails and has no HOA. College Park Woods is near the University of Maryland, the U of MD Golf Course, retail and dining.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017